In a significant development for the cryptocurrency derivatives landscape, Blockstream has acquired the derivatives unit of Numeus, marking a pivotal shift in the institutional market. This strategic move is poised to enhance Blockstream's competitive edge against major players in the sector, and the material points to an encouraging trend.
Blockstream's Acquisition and Market Position
With this acquisition, Blockstream now commands approximately 15% of the institutional OTC crypto derivatives market. This positions the company as a formidable competitor to established firms such as:
- Galaxy Digital
- Genesis Trading
Response to Market Demand
The deal comes in response to the increasing demand for advanced financial instruments among institutional investors. As the market evolves, this acquisition is expected to spur greater competition and drive innovation within the cryptocurrency derivatives sector, ultimately benefiting investors seeking more sophisticated trading options.
Nexo has recently launched a revolutionary borrowing product, the Zerointerest Credit, which allows cryptocurrency holders to access liquidity without interest charges. This development contrasts with Blockstream's recent acquisition of Numeus' derivatives unit, highlighting the evolving landscape of crypto finance. For more details, read more.
